HSBC ‘to cut 2,000 staff in UK’<\/p>\n
Banking giant HSBC is set to announce 2,000 job losses in the UK on Thursday as part of its global cost-cutting plans, reports say.<\/p>\n
The bank, the biggest in Europe, employs more than 50,000 people in its British operations.<\/p>\n
Its chief executive, Stuart Gulliver, has already said it will shed 30,000 jobs worldwide by 2013 as it looks to save $3.5bn worth of annual costs.<\/p>\n
HSBC has declined to comment on the reports.<\/p>\n
Together, the job cuts worldwide amount to about 10% of HSBC’s total global workforce, although the company has stressed it will also be recruiting staff by 2013.<\/p>\n
In contrast, the UK job cuts, if correct, would amount to only about 4% of its British workforce.<\/p>\n
Last year, the bank cut 7,000 jobs worldwide, leaving it with about 288,000 employees.<\/p>\n
source: bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
HSBC ‘to cut 2,000 staff in UK’ Banking giant HSBC is set to announce 2,000 job losses in the UK<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[2],"tags":[],"class_list":["post-474","post","type-post","status-publish","format-standard","hentry","category-banking"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=474"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/474\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}